Metallium Announces Completion of A$75 Million Strategic Capital Raise Led by U.S. Institutions

Rhea-AI Summary

Metallium (OTCQX: MTLMY) completed a A$75 million strategic capital raise on Jan 21, 2026, led by U.S. institutions targeting critical minerals and recycling technologies. The placement priced at A$0.84 per share, representing an 8.7% discount to the last close and an 8.8% discount to 5-day VWAP. Proceeds will support U.S. commissioning and commercial scale-up of the Gator Point Technology Campus in Texas, ADR program support on OTCQX, and advance plans for a NASDAQ listing later in 2026. The company also cited a secured Glencore feedstock agreement and increased U.S. institutional participation.

Positive

• A$75 million strategic capital raise completed
• Funds to support Gator Point commercial scale-up in Texas
• Issue price set at A$0.84 per share
• Secured Glencore feedstock agreement
• Increased U.S. institutional participation on register
• ADR program in place ahead of planned NASDAQ listing

Negative

• Placement priced at A$0.84, an 8.7% discount to last close

News Market Reaction – MTMCF

-1.66%

-1.66% Session close to close

In the Jan 21 session, MTMCF declined 1.66%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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HOUSTON, Jan. 21, 2026 /PRNewswire/ -- Metallium Ltd. (ASX: MTM; OTCQX: MTMCF; OTCQX ADR: MTLMY) announced completion of a A$75 million strategic capital raise, led by U.S.-based investors with dedicated mandates focused on critical minerals, recycling technologies, and U.S. domestic processing capacity.

The raise is timed to support U.S. commissioning and commercial scale-up of the company's first commercial facility, Gator Point Technology Campus in Texas,  and support of the company's ADR (American Depository Receipt) trading on the OTCQX, in advance of a planned NASDAQ listing later this year.

The funding was completed at an issue price of A$0.84 per share, representing an 8.7% discount to the company's last closing price and an 8.8% discount to the 5-day, volume-weighted average price (VWAP). The transaction materially increases U.S. institutional participation on Metallium's share register and reflects growing investor interest in U.S.-based critical metals processing and technology platforms. Additional information can be found here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03047777-6A1307827&v=undefined.

"This capital raise reflects the strong support for our U.S.-centric strategy and progress as we move from development into commercial execution," said Michael Walshe, managing director and CEO of Metallium. "With commissioning underway at Gator Point, the secured Glencore feedstock agreement and our institution of an ADR program, we have seen increased interest from U.S. investors seeking exposure to critical metals processing and enabling technologies."

The capital raising was bookrun by Petra Capital, with EAS Advisors LLC, acting through Odeon Capital Group LLC, appointed as U.S. advisor.

Metallium Ltd. is pioneering a low-carbon, high-efficiency approach to recovering critical and precious metals from mineral concentrates and high-grade waste streams. The company's patented Flash Joule Heating (FJH) technology enables the extraction of high-value materials – including gallium, germanium, antimony, rare earth elements, and gold from feedstocks such as refinery scrap, e-waste and monazite. Through its wholly owned U.S. subsidiary, Flash Metals USA Inc., the company has secured its first commercial site as they commence near-term production and revenue generation.

View original content to download multimedia:https://www.prnewswire.com/news-releases/metallium-announces-completion-of-a75-million-strategic-capital-raise-led-by-us-institutions-302666284.html

SOURCE MTM Critical Metals Ltd.

FAQ

How much did Metallium (MTLMY) raise in the Jan 21, 2026 capital raise?

Metallium completed a A$75 million strategic capital raise on Jan 21, 2026.

At what price were Metallium shares issued in the A$75M placement?

Shares were issued at A$0.84 per share, an 8.7% discount to the last close and 8.8% to 5-day VWAP.

What will Metallium use the A$75M proceeds for and how does it affect MTLMY shareholders?

Proceeds will fund U.S. commissioning and commercial scale-up at Gator Point, support the ADR program, and advance a planned NASDAQ listing; shareholders may see dilution from the new issuance.

Does Metallium have commercial feedstock agreements to support production at Gator Point?

Yes; the company cited a secured Glencore feedstock agreement to support near-term production.

Will Metallium ADRs (MTLMY) move to NASDAQ in 2026?

The company intends to pursue a NASDAQ listing later in 2026, with the ADR program supporting OTCQX trading ahead of that step.

Who led the A$75M capital raise for Metallium (MTLMY)?

U.S.-based institutional investors led the placement, bookrun by Petra Capital with EAS Advisors LLC acting through Odeon Capital Group as U.S. advisor.